THK COLEBUNDERS V: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
THK COLEBUNDERS V
Largest movements
- Tangible fixed assets +€7,908
up €7,908 (+54.2%), from €14,601 to €22,509
of which Furniture and vehicles: +€6,999
- Cash +€7,225
up €7,225 (+35.6%), from €20,294 to €27,519
mainly Net result for the year (+€19,462) and Tax, wage and social debts (+€7,031)
- Deferred charges and accrued income +€6,163
up €6,163 (+57.6%), from €10,708 to €16,871
- Reserves +€10,204
up €10,204 (+27.7%), from €36,881 to €47,085
- Profit (loss) carried forward +€9,258
no longer reported in 2025 (was -€9,258)
- Tax, wage and social debts +€7,031
new in 2025: €7,031
- Trade debts -€2,887
down €2,887 (-39.5%), from €7,311 to €4,424
- Other debts -€2,310
down €2,310 (-39.7%), from €5,817 to €3,507
- Gross operating margin +€24,278
up €24,278 (+354%), from €6,867 to €31,145
- Taxes +€7,031
new in 2025: €7,031
- Depreciation -€1,338
down €1,338 (-26.3%), from €5,080 to €3,742
- Financial income +€736
up €736 (+2,374%), from €31 to €767
of which Non-recurring financial income: +€749
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,951 | €68,247 | +€21,296 | +45.4% |
| Fixed assets | 21/28 | €14,601 | €22,509 | +€7,908 | +54.2% |
| Tangible fixed assets | 22/27 | €14,601 | €22,509 | +€7,908 | +54.2% |
| Plant, machinery and equipment | 23 | - | €909 | +€909 | |
| Furniture and vehicles | 24 | €14,601 | €21,600 | +€6,999 | +47.9% |
| Current assets | 29/58 | €32,350 | €45,738 | +€13,388 | +41.4% |
| Amounts receivable within one year | 40/41 | €1,348 | €1,348 | = | 0.0% |
| Other amounts receivable | 41 | €1,348 | €1,348 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,294 | €27,519 | +€7,225 | +35.6% |
| Deferred charges and accrued income | 490/1 | €10,708 | €16,871 | +€6,163 | +57.6% |
| Total equity and liabilities | 10/49 | €46,951 | €68,247 | +€21,296 | +45.4% |
| Equity | 10/15 | €33,823 | €53,285 | +€19,462 | +57.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,881 | €47,085 | +€10,204 | +27.7% |
| Distributable reserves | 133 | €36,881 | €47,085 | +€10,204 | +27.7% |
| Profit (loss) carried forward | 14 | -€9,258 | - | +€9,258 | |
| Amounts payable | 17/49 | €13,128 | €14,962 | +€1,834 | +14.0% |
| Amounts payable within one year | 42/48 | €13,128 | €14,962 | +€1,834 | +14.0% |
| Trade debts | 44 | €7,311 | €4,424 | -€2,887 | -39.5% |
| Suppliers | 440/4 | €7,311 | €4,424 | -€2,887 | -39.5% |
| Taxes, remuneration and social security | 45 | - | €7,031 | +€7,031 | |
| Taxes | 450/3 | - | €7,031 | +€7,031 | |
| Other amounts payable | 47/48 | €5,817 | €3,507 | -€2,310 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,080 | €3,742 | -€1,338 | -26.3% |
| Other operating charges | 640/8 | €1,125 | €1,100 | -€25 | -2.2% |
| Gross operating margin | 9900 | €6,867 | €31,145 | +€24,278 | +354% |
| Operating profit (loss) | 9901 | €662 | €26,303 | +€25,641 | +3,873% |
| Financial income | 75/76B | €31 | €767 | +€736 | +2,374% |
| Recurring financial income | 75 | €31 | €18 | -€13 | -41.9% |
| Non-recurring financial income | 76B | - | €749 | +€749 | |
| Financial charges | 65/66B | €615 | €577 | -€38 | -6.2% |
| Recurring financial charges | 65 | €615 | €577 | -€38 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €78 | €26,493 | +€26,415 | +33,865% |
| Income taxes | 67/77 | - | €7,031 | +€7,031 | |
| Profit (loss) for the period | 9904 | €78 | €19,462 | +€19,384 | +24,851% |
| Profit (loss) for the period to be appropriated | 9905 | €78 | €19,462 | +€19,384 | +24,851% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.